Cap and Trade Will Burden the Rich, Ease Costs For the Poor

One of the biggest arguments against cap and trade (aka carbon emissions trading) is that it burdens consumers. In a cap and trade scheme, energy companies have a fixed allotment of co2. Should they need more, they can buy from other companies that that have remaining emissions credits, and that expense will be transferred to the consumer.  But a study set to appear in The Berkeley Electronic Journal of Economic Analysis and Policy claims that hiked-up energy prices resulting from cap and...